DARS_porocilo 2007 ANG.indd

Short-term Operating Liabilities
Short-term operating liabilities comprise short-term trade payables relating to motorway operation and
maintenance, payables to employees, and payables to the State for taxes and contributions.
Short-term operating liabilities are initially recognised at amounts indicated in relevant documents,
provided that creditors require their settlement. Foreign currency-denominated liabilities are translated
into national currency on the date they are incurred using the applicable middle exchange rate of the
Bank of Slovenia.
Short-term Accrued and Deferred Items
Deferred costs and accrued revenue are amounts incurred, but not yet charged against an entity’s
activities and they do not yet affect its profit or loss.
Short-term accrued costs and deferred revenue comprise items of accrued costs and short-term deferred
revenue.
Accrued costs are costs that affect the Company’s profit or loss for the period, but are not expected to
be incurred until the next accounting period. They are accrued on the basis of liabilities recognised in
advance. In 2007, short-term accrued costs and deferred revenue were set up on the basis of accrued
costs of severance pays for business reasons and accrued costs of services.
Short-term deferred revenue arises when services to be rendered in the future have already been invoiced
or even paid. The Company’s short-term deferred revenue comprises revenue from tolls collected in the
form of top-ups (via ETC and DARS tags) made in 2007 but not used in the same year. These will be
recognised as deferred revenue until they have actually been used by road users.
Mutual Relations Between the State and the Company
The Balance Sheet showing company-owned assets and liabilities also comprises receivables due from the
State in respect of the use of company-owned assets to finance state-owned assets under management.
The Balance Sheet showing state-owned assets under management also comprises liabilities of the same
amount owed by the State to the Company.
The Balance Sheet showing company-owned assets and liabilities also comprises liabilities to the State
associated with the use of state-owned assets under management to finance company-owned assets. The
Balance Sheet showing state-owned assets and liabilities comprises receivables of the same amount due
from the Company to the State.
The Consolidated Balance Sheet does not include these transactions, as they are offset against one
other.
60 ANNUAL REPORT DARS d.d. 2007 FINANCIAL REPORT